Regulatory Alerts2020-06-18 | Resolução CMN 4829CMN Resolution No. 4829 - Amends Rural Credit Manual Directing Resource Percentages for Pronaf and Pronamp
The Central Bank of Brazil, acting on the directive of the National Monetary Council, issued Resolution No. 4829 to amend the Rural Credit Manual (MCR) regarding rural credit operations and cooperative credits. The resolution mandates the use of geodetic coordinates for land-delimited operations, introduces remote sensing for supervision, and updates renewal procedures for financing. Additionally, it adjusts the mandatory resource allocation percentages for Pronaf and Pronamp programs and defines new requirements for agricultural credit securities.
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